Share Repurchase Finalisation Announcement Combined Motor Holdings Limited (Incorporated in the Republic of South Africa) (Registration number 1965/000270/06) (Income tax reference number 9471/712/71/2) Share code: CMH ISIN: ZAE000088050 (“CMH” or “the Company”) SHARE REPURCHASE FINALISATION ANNOUNCEMENT For ease of reference, the definitions and interpretations as contained in the circular to shareholders of the Company dated 11 November 2013 (“the Circular”) and as used in this announcement, bear the corresponding meanings. Shareholders are referred to the terms announcement dated 11 November 2013, wherein it was announced that the Company intends making an offer to all Shareholders to voluntarily tender for repurchase at R13.00 per share in cash all, or a portion only, of their holding of ordinary shares in the Company. In accordance with sections 48(8), 114(e) and 115 of the Companies Act, 2008 (Act no. 71 of 2008), in order for the Share Repurchase Offer to be made and implemented, the prior approval of Shareholders in general meeting was required, which approval was obtained on Tuesday, 10 December 2013. The Share Repurchase Offer opened at 09:00 on Wednesday, 11 December 2013. Accordingly Shareholders are reminded of the following dates: 2014 Share Repurchase Offer last day to trade in Shares in order Friday, 24 January to be registered as a Shareholder in the Register of the Company at the Share Repurchase Offer record date Shares trade “ex” the right to participate in the Share Monday, 27 January Repurchase Offer Share Repurchase Offer record date being the date by Friday, 31 January which a Shareholder must be recorded as such in the Register of the Company in order to be entitled to participate in the Share Repurchase Offer, on Share Repurchase Offer closing date being the expected Friday, 31 January date for the closing of the Share Repurchase Offer at 12:00 on Share Repurchase Offer payment date being the expected Tuesday, 4 February date for the settling of the Share Repurchase Offer Consideration on or about Expected date for the delisting from the JSE of the Shares Wednesday, 5 February repurchased in terms of the Share Repurchase Offer from the commencement of trading on the JSE on If the maximum number of 15 400 000 shares is repurchased in terms of the Share Repurchase Offer, the gross deemed dividend distribution element of the Share Repurchase Offer payable will be R196 842 800. This dividend will be distributed from income reserves. There are no STC credits available for utilisation. The dividend will be subject to dividend withholding tax at a rate of 15%, which will result in a net dividend of 1086,5 cents to those shareholders who are not exempt in terms of section 64F of the Income Tax Act. 17 January 2014 Sponsor PricewaterhouseCoopers Corporate Finance (Pty) Ltd Date: 17/01/2014 11:30:00 Produced by the JSE SENS Department. The SENS service is an information dissemination service administered by the JSE Limited ('JSE'). The JSE does not, whether expressly, tacitly or implicitly, represent, warrant or in any way guarantee the truth, accuracy or completeness of the information published on SENS. The JSE, their officers, employees and agents accept no liability for (or in respect of) any direct, indirect, incidental or consequential loss or damage of any kind or nature, howsoever arising, from the use of SENS or the use of, or reliance on, information disseminated through SENS.